Asset Class Navigation

E-mini S&P 500 Weekly Options Contract Specs

Options
Contract Unit One E-mini S&P 500 futures contract
Minimum Price Fluctuation Regular Tick: 0.25 index points ($12.50) for premium > 5.00 index points ($250.00)
Reduced Tick: 0.05 index points ($2.50) for premium at or below 5.00 index points ($250.00)
CAB: 0.05 index points ($2.50)
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with  trading halt 4:15 p.m. - 4:30 p.m.
Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET
Product Code CME Globex: EW1,EW2,EW3,EW4
CME ClearPort: EW1,EW2,EW3,EW4
Clearing: EW1,EW2,EW3,EW4
Listed Contracts At any given time, four nearest weeks of EW1, EW2, and EW4 (Weeks 1, 2 & 4) and three nearest weeks of EW3 (Week 3) will be listed for trading
Termination Of Trading 4:00 p.m. ET on Friday of the named week
Position Limits CME Position Limits
Exchange Rulebook 358A
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures EW3 (Week 3)
100 index point integer multiples, when listed:  +30% to -50% of the prior day’s settlement price on the underlying future contract
50 index point integer multiples, when listed:  +20% to -40% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples, when listed:  +10% to -25% of the prior day’s settlement price on the underlying future contract
5 index point integer multiples, 35 days prior to expiry (or 5 Weeks):  +5% to -15% of the prior day’s settlement price on the underlying future contract 
 
EW1, EW2 and EW4 (Week 1, 2 & 4)
100 index point integer multiples, when listed:  +30% to -50% of the prior day’s settlement price on the underlying future contract
50 index point integer multiples, when listed:  +20% to -40% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples, when listed:  +10% to -25% of the prior day’s settlement price on the underlying future contract
5 index point integer multiples, when listed:  +5% to -15% of the prior day’s settlement price on the underlying future contract 
Exercise Procedure European Style. Exercisable only on expiration day.
Settlement At Expiration Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol ESF) of the E-mini S&P 500 futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.-4:00:00 p.m. ET) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.
Settlement Method Deliverable
Underlying E-mini S&P 500 Futures

About E-mini S&P 500

An electronically traded futures contract one fifth the size of standard S&P futures, E-mini S&P 500 futures and options are based on the underlying Standard & Poor’s 500 stock index. Made up of 500 individual stocks representing the market capitalizations of large companies, the S&P 500 Index is a leading indicator of large-cap U.S. equities. 

Welcome to E-mini S&P 500 Futures

Whether you are a new trader looking to get started in futures, or an experienced trader looking to expand your exposure to the U.S. stock market, E-mini S&P 500 futures provide you with the opportunity you need.

Discover E-mini S&P 500 futures